BUSINESS IN SHORT

Kia stops production for two days

p>KIA MOTORS Slovakia decided to stop production at their plant in Teplička nad Váhom for two days (January 8–9) after gas supplies from Russia to Slovakia were cut, Kia’s spokesman Dušan Dvořák told the TASR newswire.

p>KIA MOTORS Slovakia decided to stop production at their plant in Teplička nad Váhom for two days (January 8–9) after gas supplies from Russia to Slovakia were cut, Kia’s spokesman Dušan Dvořák told the TASR newswire.

“We believe that the situation will be solved in these two days and we will be able to restart production on Monday (January 12),” he said.

Kia also reported that it had decided to shorten hours for its two working shifts from eight to six hours as of January 12, 2009. The spokesman for the company explained that it was one of several decisions by the company to minimise the impact of the economic crisis on the automotive industry, TASR reported. The plant in Teplička nad Váhom near Žilina is Kia’s first factory in Europe and employs more than 2,800 workers.

Several companies have been forced to adjust their production due to the restricted volume of gas supplies.

According to TASR, U.S. Steel Košice adjusted production in parts of its facility dependent on gas.

Železiarne Podbrezová is receiving only two-thirds of the gas it usually receives in the winter season. The company had earlier restricted its production because of the economic crisis.


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